Not always! An argument about over-spending is a fight that is well worth having – and solving! But what about things you can afford, but don’t agree on? Are you getting blasted for the price of your new skinny jeans? Are you fuming about the ridiculous cost of play-off tickets? Then maybe it’s time for a bit of financial independence.
Three separate checking accounts: yours, mine, and ours, can restore peace in a relationship. The joint account pays your bills and the separate accounts are for your eyes only. The playing rules must be fair, even if you have unequal income. Fund the joint account to pay your bills. The separate accounts should be funded with equal amounts of money. Once done, don’t ask and don’t tell.